Rosatom Signs Deal on Potential Construction of Wind Farms in Saudi Arabia
June 21, 2017

Moscow and Riyadh could cooperate on building wind farms in Saudi Arabia.

MOSCOW (Sputnik) — Rosatom's international branch on Wednesday said it will cooperate with Saudi Al-Yamama Group on potential projects in the construction of wind farms in Saudi Arabia as well as on supplying the Russian corporation’s"...

King Abdullah Port completes construction of central operations room for customs
June 19, 2017

The Ports Development Co., the owner and developer of the King Abdullah Port, announced that building a central operations room for monitoring and linking customs X-ray inspection systems in the port has been completed.
A wireless network will connect all customs inspection areas. The project has been delivered to Saudi Customs at King Abdullah Port, making the port a pioneer in activating a 24-hour container inspection initiative.
Managing Director of"...

Contracts worth $250bn still to be awarded in Saudi Arabia
June 19, 2017

Main construction contracts for over $250bn ($917bn) worth of projects have not been awarded in Saudi Arabia, according to a new report.

Middle East Economic Digest (Meed), in its Saudi Arabia 2017: Delivering Vision 2030 report, said the kingdom’s pipeline of unawarded projects accounts for 39 percent of the GCC total.

The"...

Saudi construction market set to double to over SR360bn by 2025
June 16, 2017

ADVANCED construction technology will be vital for delivering Saudi Vision 2030 mega-projects on time and on budget, experts announced ahead of The Big 5 Saudi Arabia.

The Kingdom’s construction market is set to more than double, reaching a record high of SR362 billion in 2025, from SR 170 billion in 2016, according to a recent report by BMI Research.

Advanced"...

Saudi Housing Requirements For A Strong And Secure Future – Analysis
June 9, 2017

Vision 2030 calls for addressing housing issues, a primary requirement in today’s Saudi Arabia. Providing more Saudis with the security of owning a home is an aim of Vision 2030. Yet currently there are not enough affordable homes to satisfy demand. To boot, there are thousands of undeveloped sites in urban areas. Up to half the space in Riyadh, Jeddah, and Dammam is untapped. Investment opportunities abound now that the Kingdom has made key changes in Saudi"...

Saudi Arabia releases new rental contract model
June 7, 2017

Saudi Ministry of Housing has released the model of a uniform rental contract that has been framed to protect the rights of landlords, tenants and real estate brokers, as well as to control prices in the kingdom, said a report.

The contract consists of 16 articles that spell out the rights and duties of each party and the mechanism for payment of rent, reported the Saudi Gazette.

The uniform contract will be registered with the ministry’s"...

The First Group’s New Dedicated Food & Beverage Division to Bring Innovative Dining Concepts to Dubai
June 5, 2017

The First Group has launched a dedicated F&B business that will introduce new and established restaurant brands to Dubai, some of which will be global firsts.

In a move that marks significant expansion for the Dubai-based property development firm, the new division will fill the gap in the market for affordable lifestyle-driven dining"...

Aramco in joint venture with 3 other firms for building of maritime yard in Ras Al-Khair
June 1, 2017

Saudi Aramco has signed a shareholder agreement with Lamprell plc, the National Shipping Company of Saudi Arabia (Bahri), and Hyundai Heavy Industries Co. Ltd (HHI) to enter into a joint venture partnership for the establishment, development and operation of a world-class maritime yard – the anchor project in the King Salman International Complex for Maritime Industries and Services located in Ras Al-Khair, near Jubail Industrial City on the Kingdom’s"...

JLL-Effat partnership encourages women into real estate sector
June 1, 2017

The world›s leading real estate investment and advisory firm, and Effat University, a private non-profit institution of higher education for women in Saudi Arabia, have signed a Memorandum of Understanding (MoU) that encourages students into the real estate sector.

The MoU was signed in Jeddah between Jamil Ghaznawi, National Director and Country Head of JLL KSA, and Dr. Haifa Jamal AlLail, President of Effat University.

The MoU is"...

Friends Provident International invests in Munich Re’s ALLFINANZ digital new business solution to streamline policy application and improve customer service
May 30, 2017

(ME NewsWire)-- Munich Re Automation Solutions Ltd., the leading provider of new business underwriting solutions to the life insurance industry, today announced that Friends Provident International (FPI) has become the latest international life insurance provider to implement the ALLFINANZ Interview Server solution. The automated underwriting platform will enable FPI to streamline the policy application process, accelerate"...